Recap Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the week below Y-1 and at the low of the week.
Outlook The Y-2 target should be tagged early in the week. As long as Y-1 to B-0 acts as resistance, more downside is expected.
Lawrence's Comment
Recap
Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook
The date ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Rallied right off the start clearing Y-0 and Y+1 in one go. That opened the door to Y+2. Got Y+2 mid week. Drifting sideway since. Closed the week below ...
Lawrence's Comment
Recap
Tricky week indeed. Dow opened above Y+1 invalidated the normal pullback scenario. Y+1 acting as support since and eventually led to end of week rally to close at month ...
AUDUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Y-0 failed to act as support when the pair staged a 1-2-3 sell to break below Y-0. The normal target of Y-1 was tagged mid week. Closed the week below Y-1 and at the low of the week.
Outlook
The Y-2 target should be tagged early in the week. As long as Y-1 to B-0 acts as resistance, more downside is expected.
Share